The Insider Activity Speaks Itself: NIKE, Inc. (NYSE:NKE)

NIKE, Inc. (NYSE:NKE) registered a -0.86% decrease, still its new closing price is 8.92% up from the company’s 1 year high of 64.83.It posted -0.02% losses in previous 5 sessions and is now the subject of 12 analysts who together assign a hold rating on stock. 2 of Wall Street analysts have an underperform rating; the 0 sells versus 12 buy or better ratings. The 37 stock analysts following this company have an average price target at $61.81, with individual PT in the $46.00-$100.00 range. The shares moved at $53.19, implying that brokerage firms see shares losing about -12.05% in twelve months time.

NIKE, Inc. (NKE) SEC Form 4 News

The stock is getting much attention these days as insiders are offloading shares while they posted a 4.64% rise year to date. A EVP: GBL SPORTS MKTG at NIKE, Inc. (NKE) offloaded shares in a transaction closed on Wednesday January 04, 2017. Slusher John F sold 136,000 shares in the company at $52.13 each and collected $7,089,001 in proceeds. Slusher John F now owns 178,430 shares in the company after this transaction. A EVP Global HR in the company, Ayre David J, disclosed a transaction on Tuesday January 03, 2017 that ended up generating $10,478,000 from the sale of 200,000 shares at $52.39 per share.

NIKE, Inc. (NYSE:NKE) Upcoming Results on Tap

NIKE, Inc. will next provide financial results for the August 2017 quarter. Stock analysts expect it to report per-share earnings of $0.71 in that period. Sales during the quarter are predicted to arrive at $9.67 billion.

Earnings surprise history: Last quarter, the company posted approximately $8.18 billion in revenue and EPS of $0.50. The mean forecast was for $8.09 billion and $0.43 a share, respectively. One quarter earlier, revenue for the stock was at $9.06 billion, with earnings at $0.73/share.

NIKE, Inc. (NKE) Brokerage Update

NIKE, Inc. (NKE) is in HSBC Securities’s research list so their analyst rating change is noteworthy. These shares were upgraded to Buy from Hold by HSBC Securities, according to news reported on Monday December 05, 2016.Another important research note was issued by BofA/Merrill on Monday October 31, 2016.The firm downgraded NKE to Underperform from Neutral. Over the last six months and over the last three months, the shares of NIKE, Inc. (NKE), have changed -3.46% and 2.72%, respectively.